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 Post subject: Re: While depressed property values ca
 Post Posted: Tue Nov 01, 2011 6:36 am 
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ManhattanGMAT Staff


Posts: 7146
debarya wrote:
went for option C, where they and their both refer to property values.


no. in that answer choice, “their” refers to homeowners, not property values.
to make this extra clear:
you see: their equity
ask yourself: whose equity?
the answer is “homeowners' equity”, not “property values' equity” (in fact, the latter of these wouldn't make sense in any context).

Quote:
2) Also, is it that usage of pronoun does not necessarily refer back to immediate noun (like the case of which, who)...


i'm sorry, but i don't understand what you're asking here.


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